EOS Price Analysis: Breakdown Looks Real, Sell On Rallies?

EOS price is trading in a bearish zone and it broke the $3.500 and $3.350 supports against the US Dollar. The price is facing a lot of selling pressure and it could extend its decline towards the $3.00 level. There is a significant bearish trend line forming with resistance near $3.450 on the 4-hours chart...

Gainers

Logo

Coin

Price

Change(24 Hour)

Grin

$2.14648

%17.1444

Enjin Coin

$0.08059

%13.0198

Matic Network

$0.01303

%9.85108

Fantom

$0.01774

%9.05544

Synthetix Network Token

$0.40093

%6.9602

Wanchain

$0.38813

%6.42308

ICON

$0.21878

%6.17797

Monero

$71.0529

%5.26944

Updated: 09/02/2019

Losers

Logo

Coin

Price

Change(24 Hour)

SOLVE

$0.12305

%-6.30385

TomoChain

$0.46532

%-5.87789

THETA

$0.11287

%-5.47173

Golem

$0.05726

%-4.87865

Metaverse ETP

$0.69322

%-4.33444

Zcoin

$5.45760

%-3.45868

Algorand

$0.38311

%-3.36159

Crypto.com

$3.20626

%-3.12618

Wikipedia co-founder Larry Sanger does not want to develop his decentralized applications atop EOS blockchain. The veteran technologist, who chose EOS to run his decentralized content distribution platform Everipedia, threatened to fire the blockchain project. He criticized EOS for becoming a de facto centralized ledger controlled entirely by the Chinese entities. Stating that Everipedia couldn’t function atop a heavily centralized blockchain, Sanger said the dapp would eventually quit EOS. Excerpts: We cannot continue to build